Oppenheimer & Co. Inc. lowered its position in shares of NuStar Energy L.P. (NYSE:NS) by 19.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,444 shares of the pipeline company’s stock after selling 3,687 shares during the period. Oppenheimer & Co. Inc.’s holdings in NuStar Energy were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in NS. Kovack Advisors Inc. acquired a new stake in shares of NuStar Energy during the 4th quarter worth approximately $206,000. Icon Wealth Partners LLC acquired a new stake in shares of NuStar Energy during the 4th quarter worth approximately $212,000. Oxbow Advisors LLC increased its holdings in NuStar Energy by 28.6% in the 4th quarter. Oxbow Advisors LLC now owns 7,748 shares of the pipeline company’s stock valued at $232,000 after purchasing an additional 1,725 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in NuStar Energy in the 4th quarter valued at approximately $260,000. Finally, Jane Street Group LLC acquired a new stake in NuStar Energy in the 4th quarter valued at approximately $317,000. Institutional investors and hedge funds own 57.80% of the company’s stock.
Several analysts recently weighed in on NS shares. Zacks Investment Research downgraded shares of NuStar Energy from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. ValuEngine downgraded shares of NuStar Energy from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Citigroup downgraded shares of NuStar Energy from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a report on Friday, February 2nd. They noted that the move was a valuation call. B. Riley set a $31.00 target price on shares of NuStar Energy and gave the company a “hold” rating in a report on Thursday, February 8th. Finally, Stifel Nicolaus set a $26.00 target price on shares of NuStar Energy and gave the company a “hold” rating in a report on Friday, February 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $27.78.
NuStar Energy (NYSE:NS) last posted its quarterly earnings results on Thursday, April 26th. The pipeline company reported $1.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.04). The business had revenue of $475.90 million during the quarter, compared to analyst estimates of $446.15 million. NuStar Energy had a return on equity of 10.87% and a net margin of 11.99%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. sell-side analysts anticipate that NuStar Energy L.P. will post 1.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, May 14th. Shareholders of record on Tuesday, May 8th were paid a $0.60 dividend. The ex-dividend date was Monday, May 7th. This represents a $2.40 annualized dividend and a dividend yield of 10.60%. NuStar Energy’s dividend payout ratio (DPR) is 375.00%.
NuStar Energy Company Profile
NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in Texas. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.
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